The non-performing loans directive is now live

28 January 2022

On 24 November 2021, the European Parliament approved the final version of Directive 2021/2167 which addresses high levels of non-performing loans held by banks in the European Union (the NPL Directive).

The Directive has been under discussion since 2018. The accelerated legislative process to approve the Directive last November could have been triggered by the increase in the NPL ratio further exacerbated by the COVID-19 pandemic.

In brief, the NPL Directive works to expedite and regulate the development of a secondary NPL market in Europe through the authorisation and supervision of credit servicers.

You will find here a useful analysis of the Directive, published by Michael Schweiger, Partner & Attorney at Law in Loyens & Loeff office in Luxembourg.

YOU MAY ALSO LIKE...

Atlassian partnership announcement

18 October 2022

We are pleased to announce that Relational is becoming an Atlassian Solution Partner. This partnership is a result of the merger agreement between Cententia and Relational and follows the process of transferring all related activities and personnel of Cententia to Relational. Cententia has been an Atlassian Solution Partner since 2007, offering high-quality consulting & development […]

Save the date – NPL Iberia Conference, SmithNovak

8 September 2022

We are excited to announce that we are once again a proud sponsor of SmithNovak’s NPL Iberia Conference, taking place in Madrid on 29 November! We will be announcing our speakers soon, until then please check out our website for more info. More about the event here

Save the date – Global NPL 2022, SmithNovak

26 July 2022

We are excited to be a proud sponsor of the Global NPL 2022 summit taking place in London, on 5-6 October. Don’t miss out our very own Alexandros Efstratoglou on stage talking about technology and innovation in the market.

Relational